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ilk* <br /> CITY OF SOUTH BEN -.dtopr �+ {�... <br /> FACE l - 'MKI ''Wice <br /> ',. ^„ COMMUNITY INVESTMENT <br /> ;� 196.5 .../'` r NkS1! f tOZ3 <br /> June 21, 2023 CITY CLEIK,SOUTH BENCH, IN <br /> Council Member Rachel Tomas Morgan <br /> Chairperson, Community Investment Committee <br /> South Bend Common Council <br /> 4th Floor, County-City Building <br /> South Bend, Indiana 46601 <br /> RE: Declaratory Resolution: Multi-Family Development Real Property Tax Abatement <br /> Petition for Advantix Development Corporation <br /> Dear Council Member Tomas Morgan: <br /> Please find the enclosed information pertaining to a multi-family development real property tax <br /> abatement petition submitted by Advantix Development Corporation, an Indiana Domestic <br /> Nonprofit Corporation. This proposed abatement is part of a support package partnering with <br /> Advantix, which is applying for rental housing tax credits through the Indiana Housing & <br /> Community Development Authority(IHCDA). The abatement will go into effect only if this project <br /> is chosen by IHCDA in this year's competitive Tax Credit application round. <br /> This petition package includes: <br /> • Department of Community Investment's summary report <br /> • Petition for abatement <br /> • Statement of Benefits form (SB-1 / Real Property) <br /> • Supporting information <br /> The report contains the Department's findings relative to the above-mentioned petition. The <br /> petitioner plans to construct 50 residential units across 35 vacant lots spread throughout the <br /> City. The project will include a mix of single-family homes, duplexes, and townhomes. A <br /> representative from Advantix Development Corporation will be available to meet with the <br /> Committee on Monday, June 26, 2023. <br /> If you or any of the other Council members have questions concerning the report or need <br /> additional information, please feel free to call me at(574) 235-5838. <br /> Sincerely, <br /> Erik Glavich <br /> Director, Growth and Opportunity <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 1400S County-City Building 227W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />